Tangerine Balanced Growth Fund Market Value
| 0P0000ACFS | CAD 22.31 0.05 0.22% |
| Symbol | Tangerine |
Tangerine Balanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tangerine Balanced's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tangerine Balanced.
| 01/11/2024 |
| 01/05/2025 |
If you would invest 0.00 in Tangerine Balanced on January 11, 2024 and sell it all today you would earn a total of 0.00 from holding Tangerine Balanced Growth or generate 0.0% return on investment in Tangerine Balanced over 360 days. Tangerine Balanced is related to or competes with RBC Portefeuille, IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. This Fund seeks to provide capital appreciation and some income by investing in both equity and fixed income securities ... More
Tangerine Balanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tangerine Balanced's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tangerine Balanced Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5294 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.6087 |
Tangerine Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tangerine Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tangerine Balanced's standard deviation. In reality, there are many statistical measures that can use Tangerine Balanced historical prices to predict the future Tangerine Balanced's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | 0.004 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1256 |
Tangerine Balanced Growth Backtested Returns
At this point, Tangerine Balanced is very steady. Tangerine Balanced Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0705, which indicates the fund had a 0.0705% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tangerine Balanced Growth, which you can use to evaluate the volatility of the fund. Please validate Tangerine Balanced's Semi Deviation of 0.4718, risk adjusted performance of 0.0297, and Coefficient Of Variation of 2138.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.0314%. The entity has a beta of 0.086, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tangerine Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tangerine Balanced is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Tangerine Balanced Growth has very good predictability. Overlapping area represents the amount of predictability between Tangerine Balanced time series from 11th of January 2024 to 9th of July 2024 and 9th of July 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tangerine Balanced Growth price movement. The serial correlation of 0.84 indicates that around 84.0% of current Tangerine Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Tangerine Balanced Growth lagged returns against current returns
Autocorrelation, which is Tangerine Balanced fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tangerine Balanced's fund expected returns. We can calculate the autocorrelation of Tangerine Balanced returns to help us make a trade decision. For example, suppose you find that Tangerine Balanced has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tangerine Balanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tangerine Balanced fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tangerine Balanced fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tangerine Balanced fund over time.
Current vs Lagged Prices |
| Timeline |
Tangerine Balanced Lagged Returns
When evaluating Tangerine Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tangerine Balanced fund have on its future price. Tangerine Balanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tangerine Balanced autocorrelation shows the relationship between Tangerine Balanced fund current value and its past values and can show if there is a momentum factor associated with investing in Tangerine Balanced Growth.
Regressed Prices |
| Timeline |
Pair Trading with Tangerine Balanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tangerine Balanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tangerine Balanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Tangerine Fund
| 0.82 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.82 | 0P000070JI | Fidelity Technology | PairCorr |
| 0.78 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.82 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.78 | 0P00007138 | RBC sciences biologiques | PairCorr |
The ability to find closely correlated positions to Tangerine Balanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tangerine Balanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tangerine Balanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tangerine Balanced Growth to buy it.
The correlation of Tangerine Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tangerine Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tangerine Balanced Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tangerine Balanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tangerine Fund
Tangerine Balanced financial ratios help investors to determine whether Tangerine Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tangerine with respect to the benefits of owning Tangerine Balanced security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Global Correlations Find global opportunities by holding instruments from different markets |